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Give a example of an opportunity cost that an accountant might not count as a costwhy would the accountant ignore this cost?
Wiki User
∙ 10y ago
An opportunity cost where money does not change hands does not count as a cost. An example of this is the owner's opportunity cost for an alternate employment, since money does not change hands.
Wiki User
∙ 10y ago
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Is opportunity cost is the same as marginal cost?
No, opportunity cost is not the same as marginal cost, since opportunity cost represent the expected utility loss from the highest-valued alternative given-up for an action. In this case, that not only includes marginal costs, but also fixed costs and marginal benefits foregone.Marginal cost is the cost of producing an additional widget when you're already producing several of them. This must cover direct costs such as wages and direct overheads, but can ignore return on capital and other fixed costs.Opportunity cost is the hypothetical loss that we would incur should we not proceed with a particular investment.We could buy a painting in the expectation that it would rise in value. That is the value of that opportunity. If we instead to invest in widgets, the returns from them are real.In either case, we can only buy one of the items, and the hypothetical loss from forgoing the other item is the opportunity cost of the course we chose.
What is one reason why businesses were able to ignore their effects on the environment for so long?
Bussinesses tend to view the effects of their activities as negligible and ignore them
What evidence suggests some developing countries ignore human right?
children work very long hours
What was one reason government businesses officials ignored unfair business practices?
Some companies paid them money to ignore these problems.
What are the negative effects of a free-market economy?
A free market economy is another word for Capitalism. The truest essence of Capitalism is no government. That is the problem. No restrictions or regulations makes it quite corrupt. Your baby can die in a faulty car seat and nothing can be done, and nothing will happen to the producer of the seat. That is an example. Economically, there is nothing wrong with a Capitalist country. So long as you can ignore ethics.
Why is it best to ignore a narcissist?
so they don't have an opportunity to manipulate you and get to you emotionally.
How do you stop songs from distracting your thoughts?
Ignore it, focus on something else, a book for example.
When should you ignore standing plans?
You should normally honor plans you have previously made. The only exceptions are major illness or if you find yourself with a once in a lifetime opportunity.
Example of stable monetary unit concept?
allows accountants to ignore the effect of inflation in the accounting records.
What does disregard mean?
ignore example sentence: He chose to disregard the "No Parking" sign and then, of course, he got a ticket.
In-laws with no manners?
Just try to set an example, ignore what you can. If they are really obnoxious, it's up to your spouse to deal with them.
Example of word and opposite of antonyms?
Please clarify your question. An Antonym is an opposite word. Help (ant) Ignore
What are three sentences for the word ignore?
I chose not to ignore your question but to answer it.I asked my dad for some money but he chose to ignore me.If I ignore the problem it might go away.
What is an example of a sentence using for example?
Well my friends are very mean to me for example they ignore me and tell me to do everything they ask.
If a judgment has been rendered against you and you ignore it what happens?
If a judgment has been rendered against you and you ignore it, the creditor can contact the local sheriff and ask that collections be enforced. The sheriff may then give you notification of the intent to remedy the collection through seizure of your property and give you an opportunity to list your assets and in some cases, may allow you to make payment arrangements. If you ignore the notice from the sheriff, he may come in and collect your belongings and sell them at auction to pay your debt.
What is an example sentence with justice?
How long will we wait for justice to be served?There is a justice greater than man's that walks this earth. You can recognize it or ignore it, but you will answer to it.
Ignore this please?
Ignore this too.
